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Dec 12, 2012
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let's go to patricia in hawaii. >> yes, i'm here. booyah from hawaii. what's going on with yelp, i bought it at $21 and it's been down? >> hold on to it. i think it is worth more. don't sell yelp. let's go to stewart in new york. >> how you doing? i love you like the giants and i have a winner for you for next year. >> well, um okay. it is okay. frankly, i prefer others to it. um, for instance, i would even prefer chesapeake to it right now. and that says a lot. i was going to do my stafford imitation. it gets better. here take this. it is the conclusion of the lightning round. coming up, a world away. yum brands has made a meal ticket out of china. investors cooled the stocks and send the shares to the fryer. has wall street lost its appetite for fast food? just ahead. >>> nobody is more passionate about the market than i am. you are why i come out here and do this show. >> the stuff that you are doing for all of us is so important and i want to say thank you. >> we watch every day and we count on your help for small investors like us. >> put cramer's
let's go to patricia in hawaii. >> yes, i'm here. booyah from hawaii. what's going on with yelp, i bought it at $21 and it's been down? >> hold on to it. i think it is worth more. don't sell yelp. let's go to stewart in new york. >> how you doing? i love you like the giants and i have a winner for you for next year. >> well, um okay. it is okay. frankly, i prefer others to it. um, for instance, i would even prefer chesapeake to it right now. and that says a lot. i was...
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Dec 10, 2012
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., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep this in perspective. you only get the deduction if you itemize an only about one-third of americans do itemize. just 27% taking the deduction. and i want to note one other thing, older americans, 54% of families ages 55 to 64 are carrying mortgage debt. that's way up from 37% in 1989, because during the housing crash they were unable to move. so that's going to hit them hard as well. especially for the next several years. melissa? >> some very interesting figures. diana, thanks for that report. back at headquarters a quick market flash. >> good morning. take a look at marathon petroleum tradin
., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep...
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Dec 27, 2012
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he cut short his vacation in hawaii in order to resume talks on the fiscal cliff. we're looking at pictures of him in honolulu as he's boarding air force one. we're looking at whether congress will be back in session in order to reach a deal as the clock ticks towards that year-end deadline. >>> the imf says france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against more tax hikes warning these could further restrict growth. he says it's built a bit of momentum, but still needs to do more. >> france has to reform. france cannot -- that can avoid reforms. it can be again reforms which might be different. but we need to reform. let me say that from that perspective, the recent decisions going the right direction and i think that the government has understood the need to help companies create jobs. so what is important is that this momentum is there going forward. i mean, the momentum, positive momentum regarding the negotiation between the trade unio
he cut short his vacation in hawaii in order to resume talks on the fiscal cliff. we're looking at pictures of him in honolulu as he's boarding air force one. we're looking at whether congress will be back in session in order to reach a deal as the clock ticks towards that year-end deadline. >>> the imf says france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against...
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Dec 7, 2012
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they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently we're going down that route anyway. >> isn't that why president obama wants to raise the tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting
they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently...
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Dec 26, 2012
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the president is coming back from hawaii. speaker john boehner has not even committed to bringing the house back into session. the senate will come back on thursday. and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despit
the president is coming back from hawaii. speaker john boehner has not even committed to bringing the house back into session. the senate will come back on thursday. and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before...
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Dec 19, 2012
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. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you had steven weiss and murph debating it. i said weiss was right. i still believe he's right. i think a lot of the delayed orders,ing in particular the server space that are going to benefit apple, or rather oracle, hit in 2013 much more aggressively because the pause button is off. >> let's hit the biggest pops and drops. >> delphi being added to the big index. i got to say, this is one of the most successful reemergences from chapter 11 organization. already 35. it looks like the business is in great shape. auto parts, transmissions, things of that nature. >> ennis, what do you sea in seadaese seagate? >> it's been a volatile name. back up to
. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you had steven weiss and murph debating it. i said weiss was right. i still...
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Dec 14, 2012
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>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock exchange for a friday. top of the screen, the s&p 500. nasdaq, avago technologies. >> single-family rentals, homes for rent, single-family rentals, that's the way it's sort of getting all that notion, at least today that some people are locked out of credit. they are renters, or renters nation. >> the real estate investment trusts. >> ev
>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get...
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Dec 10, 2012
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. >> according to the hawaii reporter. >> the other bookmark is his inauguration. you don't want these things to go through the inauguration, either. so, that gives us a very tight window. >> look, politicians have a long track record of kicking the can down the road. they could certainly do it again. but i've characterized this bull market as sort of the rodney dangerfield of bull markets. absolutely no respect. and it just keeps climbing this wall of worry, as the old adage goes. >> talk a little bit about earnings and the things you are covering, health care, financials. >> certainly. >> how do you think earnings are going to shape up for 2013? >> i'm optimistic. we could see $110 for the s&p 500. the multiple right now is about 12 1/2. we get down to 12, 13 seems to be unlucky. we can't seem to break through that. but if we get through this cliff issue, and we will, one way or another, even if we go over the cliff, there will be some resolution afterwards. i think earnings are going to hang in there pretty well. they are only triggered by the global economy and
. >> according to the hawaii reporter. >> the other bookmark is his inauguration. you don't want these things to go through the inauguration, either. so, that gives us a very tight window. >> look, politicians have a long track record of kicking the can down the road. they could certainly do it again. but i've characterized this bull market as sort of the rodney dangerfield of bull markets. absolutely no respect. and it just keeps climbing this wall of worry, as the old adage...
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Dec 31, 2012
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but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned and why? tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but wit
but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned...
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Dec 31, 2012
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obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving. look, the president wanted, and democrats wanted, having campaigned on it, $250,000 threshold for family income for the return to the clinton jer gentleman tafrm rates of 39.6. republicans didn't want tax increases on anybody. democrats wanted more on estate tax. they a
obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two...
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Dec 10, 2012
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borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. california hard hit, losing that reduction could hurt a lot. talking about hard hit, take a look at arizona, nevada and florida. does that really affect home buying when the bulk of buyers in those states are investors who don't use mortgages? the answer, probably not. now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two states have huge foreclosure backlogs. they need brisk buy flg order to eat up that distress. we want to keep that in perspective. people say taking away this deduction will raise home prices and drop purchasing power. but we have to remember that the interest deduction is used by 27% of borrowers. what is interesting is that older americans are getting hit with it more because they usually would move out of their large homes by now and they today stay in place because they weren't able to sell during the housing crash. guys? >> diana, does it soften the blow if they am am
borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. california hard hit, losing that reduction could hurt a lot. talking about hard hit, take a look at arizona, nevada and florida. does that really affect home buying when the bulk of buyers in those states are investors who don't use mortgages? the answer, probably not. now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two...
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Dec 27, 2012
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ourselves in, and the last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i would say we're frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months, a plan that would simplify the tax code and shrink the deficit, protect the taxpayers and grow the economy. democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got re-elected and congressional democrats sat on their hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. the phone never rang, and so now here we are five days from the new year, and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal, and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president wou
ourselves in, and the last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i would say we're frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months, a plan that would simplify the tax code and shrink the deficit, protect the taxpayers and grow the economy. democrats consistently rejected those offers....
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Dec 26, 2012
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the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas e
the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with...
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Dec 24, 2012
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the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how they get that done. >> my worry is we're not talking about early january, we're talking about late january. >> i think it's probably more mid january if we go over. because i think you'll see market reaction, and you'll see a lot of people freak out, and it's a problem. >> market reaction, would you think -- >> people still think it's, you know, we get a deal. last-minute deal. i tend to be an optimist. i've been a cliff diver for the start. the alternative to allowing it to happen is so crazy and so insane and so stupid. >> here's what -- i'm not advising the
the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how...
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Dec 26, 2012
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Dec 27, 2012
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yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by game leadership that they will advise their numbers by saturday if they are going to bring them back into washington for a vote on anything on monday if there is a deal. there you see the united states senate is coming into session is this morning. we are going to keep an eye out for those remarks from senator reid, and of course, remarks on this fiscal cliff debacle have been moving the markets throughout the past couple of weeks, wait and see what harry reid has to say. guys, not a whole lot here to give those guys consumer confidence. >> the essence of poll tak
yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by...
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Dec 26, 2012
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president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones, so, there's doubtless conversations going on. senate doesn't get back until late tomorrow. president gets back late tomorrow. the house is not back, but all of the leadership types, all the important players in any potential resolution of this are going to be in contact with one another and the likelihood that they will be in contact increases with every passing hour. >> john, stick around. i want to bring in anthony, who is on the desk here tonight. he was on the finance committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've t
president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones,...
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Dec 18, 2012
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. >>> also, senator daniel inouye of hawaii passed away this afternoon at age 88. inouye was a senator for 50 years. he was a world war ii hero as well. inouye was awarded the medal of honor for actions he took in italy in 1945 as a member of the legendary 442 combat team composed entirely of japanese americans. may senator inouye rest in peace. >>> now back to some stock market work. stocks continue to discount a fiscal cliff solution of some kind. as i've suggested, they're reacting positively. how about a little optimism on that story? up next, some optimism. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? come pre-filled with problems. enough is enough
. >>> also, senator daniel inouye of hawaii passed away this afternoon at age 88. inouye was a senator for 50 years. he was a world war ii hero as well. inouye was awarded the medal of honor for actions he took in italy in 1945 as a member of the legendary 442 combat team composed entirely of japanese americans. may senator inouye rest in peace. >>> now back to some stock market work. stocks continue to discount a fiscal cliff solution of some kind. as i've suggested, they're...
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Dec 26, 2012
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. >> some people i've talked to today suggested the mere fact the president is coming back from hawaii early on suggests good tidings. >> well, i think it suggests the president wants to be working on this problem and be seen as working on this problem, but it's only partially up to him. he's got to get the acquiescence of republicans and a temporary extension of tax cuts for people under $250,000. their acquiescence to turn off the sequester to avoid the automatic budget cuts are up to mitch mcconnell in part and also up to john boehner who may be asked before it's over to put on the floor of the house a bill that lacks support of the majority of his own members. that is something that would be a risk on the speaker's part as he faces a re-election by the house of representatives to the speakership in early january, but we'll see whether if it comes to that, whether he's willing to do it. 8. >> john, thank you very much. >>> as we edge ever closer to our impending fiscal doom, we will look more closely how the markets are reacting and what is yet to come. joining us now, michael farr
. >> some people i've talked to today suggested the mere fact the president is coming back from hawaii early on suggests good tidings. >> well, i think it suggests the president wants to be working on this problem and be seen as working on this problem, but it's only partially up to him. he's got to get the acquiescence of republicans and a temporary extension of tax cuts for people under $250,000. their acquiescence to turn off the sequester to avoid the automatic budget cuts are...
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Dec 27, 2012
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what we know about the president is that he cut short his hawaii vacation, arriving in d.c. earlier today. and we're not aware of new developments from the president, but mcconnell seemed to telegraph that the president called him yesterday and now expecting that the president would make him some sort of offer at some point in the future. we haven't seen that yet. so, this story continues, melissa. >> so, it sounds, eamon, like the house is going to reconvene and that's sort of a precautionary call at this point because of the time frame but there's not necessary a deal on the table or closer to being formed at this point. >> that's right. it's not an indication that they have a deal in hand and they're going to vet on something on sunday. it is an indication that they do want all of the bodies back here in d.c. on sunday night. so that if they have to proceed to votes, they can do it and they know where their people are. everybody got 48 hours notation. a lot of the folks are retiring. they're all over the country. snowstorm is wrecking havoc on travel plans. everybody has
what we know about the president is that he cut short his hawaii vacation, arriving in d.c. earlier today. and we're not aware of new developments from the president, but mcconnell seemed to telegraph that the president called him yesterday and now expecting that the president would make him some sort of offer at some point in the future. we haven't seen that yet. so, this story continues, melissa. >> so, it sounds, eamon, like the house is going to reconvene and that's sort of a...
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Dec 21, 2012
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watters goes to hawaii. we pay for it president obama is going to take his christmas vacation there. watters is like there ahead. and he was talking to -- well, look, you know who is he talking to. we'll be right back. >> bill: back of the book segment tonight. watters world. as you may know the president will vacation in hawaii. the budget mess is delaying departure from washington. the michelle and daughters may travel tomorrow. watters beat them. he landed in honolulu earlier this week. ♪ ♪ to say on a bright hawaiian christmas day >> obama is a hawaii guy. is he vacationing here. >> i think there is pride. >> i like him. it's like let's get down. let's do it. in worries. here, let's go at it. >> are you going to be all right. >> yeah i'm getting excited. >> i don't give a [bleep] >> obamas are vacationing at this multi-million-dollar estate. secret service occupy the homes to the left and the right. usually a typical day for the president on vacation go work out in the morning at the marine base and
watters goes to hawaii. we pay for it president obama is going to take his christmas vacation there. watters is like there ahead. and he was talking to -- well, look, you know who is he talking to. we'll be right back. >> bill: back of the book segment tonight. watters world. as you may know the president will vacation in hawaii. the budget mess is delaying departure from washington. the michelle and daughters may travel tomorrow. watters beat them. he landed in honolulu earlier this...
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Dec 14, 2012
12/12
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president obama doesn't want to cancel his hawaii vacation, and harry reid's threatening to keep congress in session, again, for the third year, fourth year in a row. that could have been one of the things they talked about. but at this point, i'm not quite sure if boehner can really get a deeper spending cut deal. i think the most he's going to be able to get is a promise. >> keith boykin, the other thing when i was down in washington yesterday, on the phone with all these guys, is that basically the republicans are going to cave in. basically they're going to cut their losses. basically it's a strategic retreat, that's what i call it, and they will give the president, they will give him his middle class tax cuts, or extended tax cuts and the top rates are going up. now, what the gop gets in return for that i do not know. but i see a cave-in, keith. >> i think you're right. they have no choice, larry. i mean, there's no leverage. the tax rates are going to expire on december 31st, so on january 1st, regardless of whether they do nothing or not, something's going to happen. the president'
president obama doesn't want to cancel his hawaii vacation, and harry reid's threatening to keep congress in session, again, for the third year, fourth year in a row. that could have been one of the things they talked about. but at this point, i'm not quite sure if boehner can really get a deeper spending cut deal. i think the most he's going to be able to get is a promise. >> keith boykin, the other thing when i was down in washington yesterday, on the phone with all these guys, is that...
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Dec 19, 2012
12/12
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hawaii would not be hawaii without danny inouye. he p5 for his stake. he would not allow it to be ignored and he made it a better place to live and work for generations to come. mr. president as a senator from another state far from washington d.c. i learned a lot from senator inouye about how to make sure they never get lost here in the mix. through his quiet and shining example, we all learned a bit more about that partisanship. i so remember danny huddling here on the floor working closely with his good friend, senator stevens from alaska. we all learned a bit more about effectiveness. he knew how to get things done more than anyone i have seen before or wilson's. we have all learned a bit more about humility. you would never hear danny talk about himself. we all learned a bit more about respect, about kindness towards all, not just those who agree with you and mr. president danny helped us all remember every single day why he came here in the first place. i can tell you how many times danny would stand his ground on issues that others would have giv
hawaii would not be hawaii without danny inouye. he p5 for his stake. he would not allow it to be ignored and he made it a better place to live and work for generations to come. mr. president as a senator from another state far from washington d.c. i learned a lot from senator inouye about how to make sure they never get lost here in the mix. through his quiet and shining example, we all learned a bit more about that partisanship. i so remember danny huddling here on the floor working closely...
SFGTV2: San Francisco Government Television
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Dec 12, 2012
12/12
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SFGTV2
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president obama crew up in hawaii. -- grew up in hawaii. it makes him an honorary asian- american. he is the first asian-american president as well. tonight's events would not be possible without our community partners. a group that helped make all this happened, i am going to read them all. the asian business alliance, asian law alliance, the asian pacific american leadership institute, chinese-american cultural association, chinese american political association, citizens for better community, culture to culture, why in the chamber of commerce of northern care of -- kawai and chamber of commerce of northern california, northern california chinese athletic association, national association of american professionals, national federation of independent business, national federation of filipino americans, the filipino chamber of commerce, around of applause for all of our community partners, please. that was a lot. [applause] >> i am so glad he had to do that. our next speaker is u.s. congressmen. he is representing the 15th congressional district of california in the u.s. house of r
president obama crew up in hawaii. -- grew up in hawaii. it makes him an honorary asian- american. he is the first asian-american president as well. tonight's events would not be possible without our community partners. a group that helped make all this happened, i am going to read them all. the asian business alliance, asian law alliance, the asian pacific american leadership institute, chinese-american cultural association, chinese american political association, citizens for better...
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Dec 24, 2012
12/12
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>> i've been to maryland and i would choose hawaii. david: but you don't have air force one. >> no, the bottom line, the president is sitting in the catbird seat as they'd say in indiana. and i don't want to use the word win. david: he uses the word win. >> right, i mean, he holds the cards, the cards in his hand and he knows that. david: that's exactly what he said, by the way, to john boehner, according to some notes from inside the meeting he said, hey, look, i won, i win, i don't have to compromise, you guys have to do the compromising. thank you, gang, we'll see more of you coming up. new at 10, china is set to become the largest consumer of coal. still, the u.n. kind of gives them a pass on so-called dirty energy even while they criticize the u.s. for not being green enough. we try to level the playing field with a leading environmentalist. stay tuned.
>> i've been to maryland and i would choose hawaii. david: but you don't have air force one. >> no, the bottom line, the president is sitting in the catbird seat as they'd say in indiana. and i don't want to use the word win. david: he uses the word win. >> right, i mean, he holds the cards, the cards in his hand and he knows that. david: that's exactly what he said, by the way, to john boehner, according to some notes from inside the meeting he said, hey, look, i won, i win,...
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Dec 27, 2012
12/12
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, look at bank of hawaii. because you know he's going to make that bank make money. even if he has to throw people out windows he's going to make that bank profitable. >> are you a fan of citi in that regard? >> i'm still waiting for them to tell me what the business model is. getting back to the point about morgan stanley. i think it's got great potential. citi was a good subprime lender and then they chased volume. whenever you chase volume you get in trouble in this business. >> you see any in the financial markets, you see any tumult next week? >> well, when the fed adjusts rates you're going to be looking at some very significant potential losses in the banking industry. not in the health and maturity -- >> not the fiscal cliff? >> no, i'm just talking about interest rates. >> anything happening if we go through? you know it's coming up, monday is new year's eve. >> it will hurt the economy which will hurt banks. but banks have rallied, i think, mostly because of the fed. they have cash flow, they were un
, look at bank of hawaii. because you know he's going to make that bank make money. even if he has to throw people out windows he's going to make that bank profitable. >> are you a fan of citi in that regard? >> i'm still waiting for them to tell me what the business model is. getting back to the point about morgan stanley. i think it's got great potential. citi was a good subprime lender and then they chased volume. whenever you chase volume you get in trouble in this business....
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Dec 6, 2012
12/12
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hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had seen the line of buss that basically was a wall of about 60 buses, they get precedence to go in, and then like 16 other lanes getting down to one to go into the tunnel, and you're just sitting there, like no within in the world does this. >> i got stuck in a broken down truck in the holland tunnel last night. it's amazing how fast they get that truck up and out. >> they better because there are fumes and everything else. but if you try to go from pasadena at the wrong time in l.a., it's three hours. in other news out of the financial services industry, jpmorgan is naming co-chief control officers the new positions are aimed at
hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had...
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Dec 23, 2012
12/12
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KRON
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. >> i have been in hawaii. >> this must be a lot different than hawaii? >> when it is in hawaii it will rain and warm but here it is cold and freezing. and in hawaii, you do not even have to wear a coat if it starts to rain. >> reporter: many people brought a jacket but did not need it. i walnut creek, ft phillipe djegal, kron 4 news start developing news >> vicki: developing news out of oakland. tonight at eight -- more than four- thousand people are without power after a tree branch hit a powerline. p-g-&-e crews are on scene fixing the problem. officials say power should be restored by eight-45 this >> the holidays have hundreds of thousands of passengers traveling in-and- out of bay area airports. but rain put the breaks on some travel plans this week. today - flight schedules began to recover after storms caused massive delays last night. kron 4's mike pelton spent the morning with travelers as they prepared to take off. >> reporter: this is a popular spot at sfo making sure that there airline is on time. >> it is on time. >> very excited >> reporter
. >> i have been in hawaii. >> this must be a lot different than hawaii? >> when it is in hawaii it will rain and warm but here it is cold and freezing. and in hawaii, you do not even have to wear a coat if it starts to rain. >> reporter: many people brought a jacket but did not need it. i walnut creek, ft phillipe djegal, kron 4 news start developing news >> vicki: developing news out of oakland. tonight at eight -- more than four- thousand people are without...
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Dec 27, 2012
12/12
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anything story out of hawaii. everyone expected that governor abercrombie was going to name senator to inouye's dying wish. he nominated brian schatz. he conveyed his final wish and while we were disappointed it is not honored, it was the governor's wish to make and he wished him the best. >> kind of a shock out of hawaii. >> it's always important to remember that governors and not senators get to make the appointments. also there a lot of surprises in politics and everyone gets their wish. i have been hearing for democrats who have their ear to the ground on hawaii politics. they are very loyal to abercrombie and that pays a lot of big dividends and going and picking the lieutenant governor for this senate seat, if you have gone to the house and picked colleen or another member of congress, that would trigger a special election and you would have to replace another person. this is an easy fix to get somebody to start voting right away without triggering any special election for the house. >> they want that vote o
anything story out of hawaii. everyone expected that governor abercrombie was going to name senator to inouye's dying wish. he nominated brian schatz. he conveyed his final wish and while we were disappointed it is not honored, it was the governor's wish to make and he wished him the best. >> kind of a shock out of hawaii. >> it's always important to remember that governors and not senators get to make the appointments. also there a lot of surprises in politics and everyone gets...
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Dec 22, 2012
12/12
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are for hawaii. god only knows how they will avoid the fiscal cliff that was after he had to cancel a vote on his own plan because his own members would not support it president obama says he just told speaker boehner and senate majority leader harry reid exactly what to do, and he says they can get it done. before automatic spending cuts and tax hikes kick in on new year's day. ed henry live at the white house. ed? so what's the president's new plan? >> well, harris, the president said he came into the briefing room and said maybe is he a hopeless optimist but is he a new slim down three point plan that he says can pass in 10 days. basically extend tax cuts for 98% of americans. he said both parties agree with that extend unemployment benefits for 2 million americans. those are expiring about a week after christmas. that's a big problem. and then he says come back and do spending cuts and deficit reduction in the new year. he is telling lawmakers take a few days off. relax over the holidays and mayb
are for hawaii. god only knows how they will avoid the fiscal cliff that was after he had to cancel a vote on his own plan because his own members would not support it president obama says he just told speaker boehner and senate majority leader harry reid exactly what to do, and he says they can get it done. before automatic spending cuts and tax hikes kick in on new year's day. ed henry live at the white house. ed? so what's the president's new plan? >> well, harris, the president said...
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Dec 18, 2012
12/12
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hawaii would not be hawaii without danny inouye. he fought for his state. he would not allow it to be ignored, and he made it a better place to live and work for george bush reagan administrations to come. -- for generations to come. mr. president, as a senator from another state far from washington, d.c., i learned a lot from senator inouye about how to advocate for the people who elect you and how to make sure they never get lost here in the mix. through his quiet and shining example, we all earn willed a bit -- we all learned a bit more about bipartisan. i so remember danny huddling on the floor working closely with his good friend, senator stevens from alaska. we all learned a bit more about effectiveness. he knew how to get things done. we all learned a bit more about humility. you'd never here danny talk about himself. we all learn add bit more about respect -- learned a bit more about respect, about kindness towards all, not just those who agree with you. and, mr. president, danny helped us all remember every single day why he came here in the first
hawaii would not be hawaii without danny inouye. he fought for his state. he would not allow it to be ignored, and he made it a better place to live and work for george bush reagan administrations to come. -- for generations to come. mr. president, as a senator from another state far from washington, d.c., i learned a lot from senator inouye about how to advocate for the people who elect you and how to make sure they never get lost here in the mix. through his quiet and shining example, we all...
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Dec 19, 2012
12/12
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hawaii a better place. he fulfilled his dream of creating a better hawaii." he was a strong supporter of the university of hawaii, a strong supporter of george washington university law school, he got his bamp lower's in hawaii, his law degree at george washington. he was determined -- a determined representative of the fighting men and women, a longtime leader of the defense appropriations subcommittee. as i mentioned briefly last night, there has been in my many years in congress, i have been here as long as my friend, the assistant leader here, who is seated next to me today, we've been here 30 years. and there's been no one i've ever known in my 30 years here who did more and fought more for the fighting men and women of this country. he believed the nation's commitment to the members of its armed forces didn't earned with their -- end with their service. mr. president, for fear it would be lost and it shouldn't be lost, i want to spread on the record what this good man did at a prayer breakfast a coupl
hawaii a better place. he fulfilled his dream of creating a better hawaii." he was a strong supporter of the university of hawaii, a strong supporter of george washington university law school, he got his bamp lower's in hawaii, his law degree at george washington. he was determined -- a determined representative of the fighting men and women, a longtime leader of the defense appropriations subcommittee. as i mentioned briefly last night, there has been in my many years in congress, i have...
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Dec 27, 2012
12/12
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president obama, meanwhile, will be back in washington today after cutting short his vacation in hawaii. he'll be joined on air force one, or he is joined on air force one right now -- they're in the air, actually -- by hawaii's lieutenant governor brian schatz, who is nominated to fill the senate seat left vacant following the death of senator daniel inouye. schatz is expected to be sworn in later this afternoon or this evening. >>> with the business of legislating stricter gun control, a "usa today"/gallup poll shows a split america. 58% of those polled want stronger gun laws, up 15% from october of last year, but when it comes to assault weapons, 44% of those polled support a federal ban, yet 51% oppose one, showing little movement over the last year. yesterday, philadelphia's mayor renewed calls for an assault weapons ban in the wake of the deadly shootings early monday that killed two firefighters in upstate new york. another teed off on comments made by the head of the nra, who told nbc's david gregory he favors armed guards at every school. >> i guess, you know, out of last week'
president obama, meanwhile, will be back in washington today after cutting short his vacation in hawaii. he'll be joined on air force one, or he is joined on air force one right now -- they're in the air, actually -- by hawaii's lieutenant governor brian schatz, who is nominated to fill the senate seat left vacant following the death of senator daniel inouye. schatz is expected to be sworn in later this afternoon or this evening. >>> with the business of legislating stricter gun...
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Dec 24, 2012
12/12
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love the people of the hawaii had for him extended across the continent into these calls. people not only listened to, respected, in light danny, almost all of us who got to know him loved danny. how many of your colleagues can you say that about? i loved this man. i loved this woman. for all that danny had come through, from the sting of prejudice to his physical injuries to the deprivations he suffered and the losses he had, he would have been forgiven if he had an edge to him, if there was a tinge of bitterness or cynicism in his heart. he would have been forgiven for that, but the amazing thing to made was that there was none. there was none. i did not know him his whole life, but i never saw him even implied, "why me? why me?" -- even imply "why me?" if you forgive, as we used to say in the senate, a point of personal privilege, -- he came to campaign for me when i was a kid running for senate. he came to delaware and spoke on the eve of the election. i will never forget my mom saying, "johhny, unlike that man -- joey, i like that man." i said, and "why?" and she said
love the people of the hawaii had for him extended across the continent into these calls. people not only listened to, respected, in light danny, almost all of us who got to know him loved danny. how many of your colleagues can you say that about? i loved this man. i loved this woman. for all that danny had come through, from the sting of prejudice to his physical injuries to the deprivations he suffered and the losses he had, he would have been forgiven if he had an edge to him, if there was a...
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Dec 19, 2012
12/12
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he started off in the territorial house of representatives in hawaii, and when hawaii became a state, he served in congress and later in the united states senate. he was there from the beginning. and what a dynamic leader he was for his state of hawaii. he did so many great things over the years. i was at the same prayer breakfast that senator reid recounted. there was another story he told which i will only refer to in he most most apreviousate form. he talked about his experience in the sunshiner and how he still had in his mind the images of the enemy soldiers he shot down. 50, 60 years later, couldn't get those images from his mind. he talked about befriending a fellow disabled vans in the michigan veterans hospital. he told me this great story that he shared at that prayer break fast how as an officer he would spend his weekends in the great city of chicago, the knickerbocker hotel. and he said he would head to the hospital, and he talked one of his fellow hawaiians, whose face had been burned off to downhim on a trip to chicago. the map was embarrassed and didn't think anyone wo
he started off in the territorial house of representatives in hawaii, and when hawaii became a state, he served in congress and later in the united states senate. he was there from the beginning. and what a dynamic leader he was for his state of hawaii. he did so many great things over the years. i was at the same prayer breakfast that senator reid recounted. there was another story he told which i will only refer to in he most most apreviousate form. he talked about his experience in the...
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Dec 27, 2012
12/12
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KPIX
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he took the red eye from hawaii to washington overnight. senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough.
he took the red eye from hawaii to washington overnight. senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting...
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Dec 26, 2012
12/12
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KPIX
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t nancy cordes with the president in hawaii. thank you. farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for ehat you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake, $154 billion
t nancy cordes with the president in hawaii. thank you. farmers will also feel the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress....
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Dec 19, 2012
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military plans to transfer 9,000 marines to guam, hawaii, australia, and elsewhere. >>> researchers at a thinktank for japan's defense ministry are warning that the chinese navy may start getting active near the disputed senkaku islands. japan controls the islands in the east china sea. china and taiwan claim the islands. the national institute for defense studies released a report on china's security policy, focusing on its recent military expansion at sea. the report says chinese people increasingly regard maritime disputes as infringement on the country's sovereignty and interests. it says the trend is making more difficult to implement cooperative diplomatic policy.i more difficult to implement cooperative diplomatic polic difficult to implement cooperative diplomatic policdif cooperative diplomatic polic di cooperative diplomatic policy. the report says cooperation, china's navy and maritime law enforcement agencies is likely to strengthen not only in the south china sea, but also in the east china sea. the vessels and patrol boats have been around the senkaku islands since septem
military plans to transfer 9,000 marines to guam, hawaii, australia, and elsewhere. >>> researchers at a thinktank for japan's defense ministry are warning that the chinese navy may start getting active near the disputed senkaku islands. japan controls the islands in the east china sea. china and taiwan claim the islands. the national institute for defense studies released a report on china's security policy, focusing on its recent military expansion at sea. the report says chinese...
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Dec 13, 2012
12/12
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CNNW
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>> i saw the post that he was moving to hawaii. i didn't hear about him selling his belongings. >> police are saying that he stole the gun from a friend. have you any idea where he may have stolen the gun? i'm not aware of any of that. you seem shocked by what has happened here. it does seem out of character. was he suffering from a mental illness any behavioral issues at all that would have suggested to you that he would have been capable of this? >> absolutely not. >> did he have family issues that you were aware of? >> not that i'm aware of. >> it is completely baffling to you. >> it absolutely is. >> you seem very upset it is hardly surprising. is the whole community in deep shock about this? >> yeah, all of our friends are trying to comprehend what he may have gone through or what could have happened that led him to do such a drastic thing. there are pictures of him shooting. were you aware of his love of shooting or afillation to guns at all? >> i mean i have seen it on his facebook. i mean there are a lot of us out there tha
>> i saw the post that he was moving to hawaii. i didn't hear about him selling his belongings. >> police are saying that he stole the gun from a friend. have you any idea where he may have stolen the gun? i'm not aware of any of that. you seem shocked by what has happened here. it does seem out of character. was he suffering from a mental illness any behavioral issues at all that would have suggested to you that he would have been capable of this? >> absolutely not. >>...
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Dec 27, 2012
12/12
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CNNW
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he left hawaii last night after less than a week there. he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on willing to compromise. what can the president do, he can con joel all sides closer to some sort of agreement. from the democrats perspective what they think needs to be done is to get senate leader mcconnell to agree not to filibuster any action in the senate and then get speaker boehner to agree to put a bill forward on the house floor for a vote. if those two pieces happen, then they feel like there could be something done before new year's. so it's sort of con joeling mitch mcconnell to agree to those
he left hawaii last night after less than a week there. he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are...
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Dec 23, 2012
12/12
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. >> gregg: will be the president be working on these issues during his christmas holiday in hawaii or is it golf and r&r and spending time with the kids? >> mostly r&r but on friday the president acknowledged there might not be time for any grand bargain. he scaled back for expectations for the rest of the year. one democrat said a larger deal is not impossible. >> we what we ought to do is take speaker's last offer, president's last offer and split the difference. that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that has already been done, that would be close to the $4 trillion we needed to stabilize the debt and begin to bring it down. >> reporter: to do that the president is demanding wealthy pay higher taxes. >> gregg: steve, thanks. >> heather: gregg, president obama is taking a break from the stress of fiscal cliff negotiations spending the holiday in hawaii. there is also a somber moment on his schedule. president and first lady attending a memorial service for daniel i inouye. >> he is leaving the fiscal cliff worries back home. we are tol
. >> gregg: will be the president be working on these issues during his christmas holiday in hawaii or is it golf and r&r and spending time with the kids? >> mostly r&r but on friday the president acknowledged there might not be time for any grand bargain. he scaled back for expectations for the rest of the year. one democrat said a larger deal is not impossible. >> we what we ought to do is take speaker's last offer, president's last offer and split the difference....
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Dec 27, 2012
12/12
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. >>> president obama will spend the night aboard airforce 1 making a red-eye trip from hawaii to washington. when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. i
. >>> president obama will spend the night aboard airforce 1 making a red-eye trip from hawaii to washington. when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax...
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Dec 26, 2012
12/12
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KGO
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obama and the couple's hawaii until january 6th. the president will leave hawaii tonight. lawmakers have less than a week to agree on how to avert tax increases said to go into effect in january. >>> holiday gift-giving season brings a fresh crop of electronic waste. christmas doesn't bring many happy returns, especially today. >> here's this morning's bloomberg business report. >>> good morning. christmas is over, let the returns begin say you are not a big fan of that sweater from your aunt you may want to wait a few days before heading back to the stores, the day is the worst day to return unwanted gifts the lines are the longest, clerks burned out from the holiday madness. holiday retail sales up less than a percent from last year, worst than what had been expected. worries over the if can and hurricane sandy disrupting shopping. don't forget to recycle old devices you don't want. a company called green citizen tells bloomberg it expects to see a 30% rise in e-waste between now and february. tomorrow lawmakers head back to washington to continue tackling the fiscal cli
obama and the couple's hawaii until january 6th. the president will leave hawaii tonight. lawmakers have less than a week to agree on how to avert tax increases said to go into effect in january. >>> holiday gift-giving season brings a fresh crop of electronic waste. christmas doesn't bring many happy returns, especially today. >> here's this morning's bloomberg business report. >>> good morning. christmas is over, let the returns begin say you are not a big fan of that...
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Dec 26, 2012
12/12
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KPIX
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. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census figures about 2 60,000 young adults with college degrees in california are working in food service and retail. >> couldn't get a job in the field that i wanted to so i figured i have to start at the bottom. >> without higher paying jobs, it's that much harder for graduates to pay back student loans weapon tuition rising across the nation. >>> the holiday season isn't what it used to be for american oh. a new poll suggests a lot of people are working between christmas and new year's. the survey conducted in the midwest shows about a third of wor
. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census...
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Dec 26, 2012
12/12
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troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor had the same kind of military rifle used in the connecticut school massacre. he left behind a chilling note. >> reporter: the christmas eve fire in western new york burned seven homes to the ground, but police say william spangler wanted to do much worse. he planned to burn down the entire neighborhood and "do what i like doing best, killing people." the 62-year-old shot at firefighters from a nearby bank. he killed two of t
troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer...